Funding you earn now, next payment 08:00 UTC−0.0793%/8h= −86.8% APRnext payment −$7.93 per $10,000 · paid last 24h −0.151%
Price spread now: MEXC against KuCoin−0.188%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$492as in the Funding arb table
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$3963.956% of the position
Funding, last 7 days−0.960%−$96 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.188%, 7d avg −0.152%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.152%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IOTAUSDTM | 0.04794 | 0.0893 | pay 0.0893% / 8h | 5h 04m | $2.7M | $241K | 30x |
| Short | MEXC IOTA_USDT | 0.04785 | 0.0100 | get 0.0100% / 8h | 5h 04m | $589K | $175K | 125x |
KuCoin IOTAUSDTM
MEXC IOTA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$166.53
- Price spread: −0.188% → −0.152%
- −$3.54
- Slippage, 4 orders
- −$379.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$565.7
- Costs to cover
- 3.956%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 50 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 2 min ago | 32.31 bp | 165.0 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 50 min ago | 2.09 bp | 8.2 bp −$8 | 30.8 bp −$308 | 235.1 bp −$23.5K | doesn't fit |
IOTA on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0196% | 1h | 0.04781 | −0.273% | $18K | $12K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04788 | −0.123% | $897K | $399K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04787 | −0.152% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04783 | −0.229% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04783 | −0.229% | $560K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04778 | −0.334% | $830K | $266K | 75x | as long as short |
| MEXC IOTA_USDTshort | +0.0100% | 8h | 0.04785 | −0.188% | $589K | $175K | 125x | |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04789 | −0.104% | $1.7M | $711K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04778 | −0.334% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04776 | −0.374% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0120% | 8h | 0.04784 | −0.209% | $170K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTMlong | +0.0893% | 8h | 0.04794 | long leg | $2.7M | $241K | 30x |
BloFin IOTA-USDT